Phu Quy island district of Binh Thuan province has an area of 18 km2, a population of more than 30,000 people, located about 56 nautical miles southeast of Phan Thiet city. With 12 large and small islands, Phu Quy has great potential for marine economy, especially in exploitation, cage farming, and seafood processing. In recent years, Phu Quy has changed strongly thanks to the development of marine tourism.
Currently, implementing the Party and State's policy on arranging administrative units and building a 2-level local government model, Phu Quy island district will be organized into a special zone on the basis of merging the current 3 communes: Long Hai commune, Ngu Phung commune and Tam Thanh commune.
On April 28, 2025, the People's Council of Binh Thuan province held a thematic session, voted to pass the resolution, approved the policy of reorganizing commune-level administrative units, and agreed on the policy of merging Binh Thuan, Dak Nong with Lam Dong. In addition, the Provincial People's Council also passed a resolution to establish Phu Quy Special Zone on the basis of merging the above 3 communes.
With its special geographical location and rich sea and island potential, when becoming a special zone, Phu Quy will enjoy many mechanisms and preferential policies that are superior to the present to attract investment, develop the economy and society and ensure national defense and security at sea. Including preferential policies for businesses investing in special zones, preferential tax policies for highly qualified workers, experts working in special zones, preferential land rental, administrative, financial, etc.
According to the project of merging 3 provinces of Lam Dong, Dak Nong, Binh Thuan, it is stated in Binh Thuan, Phu Quy island district, which is currently enjoying many mechanisms and policies under the Prime Minister's Decision No. 312 since 2007 as the State prioritizes investing capital from the state budget and other sources to invest in building infrastructure works. Incentive policies and incentives for investment projects in Phu Quy island district such as entitled to 10% corporate income tax rate for 15 years and are exempted from corporate income tax for 4 years from the time of taxable income and reduced 50% of the payable tax amount for the next 9 years. Investment projects on Phu Quy island are offered to rent land, water, sea surface and land use, ...
Currently, the travel of people and tourists to the island is easier with 3 operating high -speed trains. Hai Trinh shortened to only 2.5 hours to the island. Many ships carrying trade goods between land and Phu Quy island. The system of anti -marine embankments, anchorage of storm shelters, freshwater lakes, and island hospitals are completed. Convenient transportation, adequate infrastructure along with attractive policies and incentives when Phu Quy island becomes a special zone will create a stable and attractive investment environment, making Phu Quy a new strategic destination on the map of Vietnam's sea and island economic development in the new period.
Recently during a working trip to Phu Quy island district, Mr. Nguyen Hong Hai - Vice Chairman of Binh Thuan Provincial People's Committee emphasized that when Phu Quy becomes a special zone on the basis of merging 3 communes today, the role, functions and tasks of the Party Committee and the special zone government will have innovations. However, the strategic role and position in national defense and security and the main tasks of building and developing Phu Quy will still be maintained, inherited and continued.
Phu Quy - the outpost island of the Fatherland with a special geographical location, both develops the socio-economy and firmly protects the sacred sovereignty of the Fatherland. In the development process, this locality also determined to focus on protecting the ecological environment and protecting marine resources for sustainable development.
